Zhao — also known in the community as CZ — declared that the cryptocurrency industry will grow with or without the launch of a Bitcoin (BTC) ETF, suggesting:

“I think for our industry to grow we need more entrepreneurs to build real projects.”

As Cointelegraph reported last week, the Chicago Board Options Exchange’s, along with investment firm VanEck and financial services company SolidX, has re-applied with the United States Securities and Exchange Commission for a rule change to list a Bitcoin ETF, after withdrawing their request the week before. The much-anticipated launch of a Bitcoin ETF in the U.S. has been cited as a possible cause for a rally in crypto market prices.

When asked to comment on the recent controversy surrounding cryptocurrency exchange QuadrigaCX, Zhao said that, while he does not want to comment on other exchanges, “there’s something fishy going on.”

Recently, news broke that following the sudden death of its founder Gerry Cotten, Canadian cryptocurrency exchange QuadrigaCX is reportedly missing CA$190 million dollars ($145 million) in digital assets. As Cointelegraph recently reported, though the exchange has taken to court to avoid the collapse, some community members suggest that QuadrigaCX’s cold wallets never existed.

Binance’s CEO also said that while “there’s nothing going on right now” for the exchange, the firm is interested in adding Ripple (XRP) as a partner by using its xRapid system. As Cointelegraph explained when the system became commercially available in October 2018, xRapid is a real-time settlement platform designed to speed up international payments sourcing liquidity from XRP.

Categories

Blockchainfresh.com provides the latest cryptocurrency news from around the web. All media is linked from news sites and social media etc. Therefore, blockchainfresh.com has no rheostat over the copyright of the streaming media.